Some call it laying off, others call it shuttering divisions, others brand it as splitting but downsizing divisions, and some still call them furloughs.
SVB’s failure is estimated to be $20B, but First Citizens is coming to the citizens' rescue.
Yellen and Powell are facing off in how the US treats bank depositors, and Big Tech CEOs are facing off against regulators and short sellers.
Fed is hiking while banks are failing and their sector is falling post-FOMC.
Indices are rising ahead of tomorrow's FOMC, housing is falling and the Fed may be hiking.
Banking rivals rivaling over whether to call it a "merger" or "acquisition," and central banks rivaling national ones over this week's headlines.
The Swiss National Bank just fired off a $54B liquidity lifeline to Credit Suisse, green-lighting Europe's latest rate hike.
Switzerland is bullish on the rebrand, announcing an hour ago that it would provide CS a lifeline of liquidity.
US inflation cooled to its lowest level since September 2021, but bank collapses have made sure the Fed remains in the spotlight.
The only SVB recap you need to read, plus a preview of inflation week.
Jobless claims rise, layoffs fall, household wealth rebounds, and President Biden unveils his budget plan.
The JOLTS report did little jolting, ADP employment smashes expectations, and the Bank of Canada shocks expectations in pausing rates.
